Jan 30 (Reuters) - UBS has raised its gold price target to $6,200 per ounce from $5,000 for March, June and September 2026, citing stronger-than-expected demand stemming from increased investment. However,

Wall Street analysts expect the gold rally to continue as investors pile in because of mounting geopolitical uncertainty and economic concerns.

Gold prices surged past US $5,000 price per ounce for the first time late Sunday and into Monday, topping at $5,100.

Gold prices jumped 4% on Wednesday, closing in on $5,400 per ounce for the first time as this month's sharp rally showed no signs of fading, fueled by investors seeking safety amid mounting economic and geopolitical uncertainty.

Gold's rally above $5,500 per ounce is starting to break normal pricing logic. In an Instagram reel posted in late-January, a luxury watch dealer based in Philadelphia said he was taking a solid white-gold Rolex Sky-Dweller apart and melting

UBS has raised its gold price target to US$6,200 per ounce from $5,000 for March, June and September 2026, citing stronger-than-expected demand stemming from increased investment.